The EUR/USD was unable to make it to this week’s high at 1.2666. However there is no sharp Friday (6/15) sell-off neither heading into the weekend. We have the Greek election on Sunday 6/17. In fact since 6/12, the market has been bullish on the optimism that even if the election does turn sour, that central banks and European officials are ready for it. At least that’s what the headlines are telling us. It would be very fitting for the EUR/USD to come back toward the 1.2540-1.2450 area, near the 200-hour SMA and “central pivot” of the range we are setting up with end of last week and this week’s price action. When ... (full story)